Another positive forecast for remodelers
Remodelers surveyed by a trade organization said they expected stronger sales growth in the next three months due to a postponement of projects (80%), low interest rates (50%) and improving home prices (35%).
Members of the National Association of the Remodeling Industry (NARI), which conducted the quarterly survey, also reports the following business conditions:
• Number of inquires has increased since last year;
• Requests for bids has increased since last year;
• Conversion of bids to jobs has increased since last year; and
• Sales value of jobs sold has increased since last year.
The findings were supported by a homeowner poll conducted on NARI’s website in May 2012, which showed that 28% of homeowners planned on staying in their home up to five years longer because of the economy.
CertainTeed partners with builders buying group
CertainTeed Corp. has announced a partnership with Custom Builders USA, a national industry buying consortium with more than 220 custom and independent builder members in 15 cities across the U.S.T he 12-month agreement provides CB/USA members with special programs and incentives for the entire line of CertainTeed WeatherBoards fiber cement siding products, including access to sales and business support.
“We are pleased that CertainTeed recognized this ground breaking opportunity and are confident it will be the foundation for a strong partnership going forward,” said Bill Smithers, CEO of CB/USA.
CB/USA has built the nation’s first and largest network of top custom and independent builders and has provided them with the systems, procedures and staffing to run an effective group purchasing program at both the local and national levels. Since its formation in 2004, CB/USA has grown to 223 builder members and more than 700 vendors, suppliers and manufacturers. Together, CB/USA’s members will complete over 2,700 projects in 2012 and generate combined revenue of nearly $1 billion. By working together and consolidating their purchases, CB/USA members are able to lower their direct costs, improve their levels of service and compete effectively with larger regional and national competitors.
Based in Valley Forge, Pa., CertainTeed is a subsidiary of Saint-Gobain, the world’s largest building products company, CertainTeed and its affiliates have more than 65 manufacturing facilities throughout the United States and Canada. The group had total sales of approximately $3.2 billion in 2011.
Cox Industries acquires Atlantic’s Treating Division
Orangeburg, S.C.-based Cox Industries has completed an asset purchase of Atlantic Wood Industries’ wood-treating plants and related operations.
This includes the Vidalia, Ga.; Sylvania, Ga.; and Newsoms, Va., facilities, along with the sales and purchasing operations.
In addition to this purchase, Cox expects to complete a lease agreement for Atlantic’s Hainesport, N.J., treating facility within the next week.
Cox said it has been able to retain the “vast majority” of the Atlantic team after the acquisition.
“The combined companies will be a formidable force in the wood treating industry, with employees, customers and vendors all benefiting going forward,” according to a press release issued Monday.
Cox Industries now operates 14 wood treating and product manufacturing facilities and employs approximately 400 people in 10 states.
“It is an exciting time to be able to merge the talent and cultures of two organizations with such deep roots and strong reputations in the wood treating industry,” said R. Michael Johnson, CEO of Cox.